Regulators

Doherty Presses Irish Government to Back Insurance Cost Reduction Bill
Regulatory & Compliance Doherty Presses Irish Government to Back Insurance Cost Reduction Bill

Donegal Deputy Pearse Doherty continues his persistent effort to urge the Irish Government to commit to supporting his proposed insurance legislation, which aims to reduce costs for consumers through mandated savings transfers from insurance companies to their customers. Originally introduced to

Can the Insurance Industry Keep Up with AI-Driven Fraud Tactics?
Data Analytics Can the Insurance Industry Keep Up with AI-Driven Fraud Tactics?

The insurance sector is increasingly grappling with the growing challenge of combating fraud facilitated by advancing artificial intelligence (AI) technologies. The issue has intensified as sophisticated AI tools have made it easier for fraudsters to create deepfakes and fake images that deceive

Can State Farm's Proposed Insurance Hike Survive California's Scrutiny?
Regulatory & Compliance Can State Farm's Proposed Insurance Hike Survive California's Scrutiny?

The recent announcement by State Farm regarding a substantial proposed increase in homeowners’ insurance premiums in California has sparked significant debate. As the largest insurance provider in the state, State Farm’s actions have widespread ramifications, affecting nearly 1.2 million hom

State Farm Proposes 30% Premium Hike Amid Escalating Wildfire Losses
Regulatory & Compliance State Farm Proposes 30% Premium Hike Amid Escalating Wildfire Losses

State Farm, the largest home insurance provider in California, has recently proposed an average homeowners insurance rate increase of 30%. This potential hike stands as the company's most significant in California's history, following earlier approved rate increases of 7% and 20% this

How Will Multistate Data Call Transform Property Insurance?
Regulatory & Compliance How Will Multistate Data Call Transform Property Insurance?

The insurance industry is on the brink of a notable transformation, courtesy of a comprehensive multistate data call initiated by state insurance regulators and the NAIC. Over 400 property insurance companies are targeted in this endeavor, which promises to capture the expanse of at least 80% of

Vouch Introduces Tailored AI Insurance for Tech Startups
Startups & Investments Vouch Introduces Tailored AI Insurance for Tech Startups

Vouch has demonstrated its commitment to innovation in the tech sector with the launch of AI Insurance, a custom coverage solution tailored specifically for AI startups. These startups encounter specialized risks due to the distinctive nature of their operations, and Vouch's new product

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